Stock Market Recap Oct 26, 2012

October 26th, 2012

Volume today is light today. The indexes are are virtually flat - there is a lot of focus on Europe, never-the-less... trade your stocks and follow your rules. Don't worry what everyone else is doing. Here are some stocks that are moving and caught my eye. It doesn't mean I am bullish or bearish on these, just means they are moving or have some significance. Learn the trading business and find your strategy.

VRSN

VeriSign broke the supporting trendline on the weekly chart. Keep an eye out for it to go lower as the volume is quite high to the downside. You always want to watch the volume for confirmation!

AAPL

Apple looks like it's having a hard time as well for the time being. A drop of about $10 at 1:30 pm due to the earnings miss probably early this week. This one needs room to calibrate itself.

PCAR

Paccar Inc, holding up pretty well above this 50-day after breaking out yesterday...

ATI

Allegheny Technologies is toast.... stay away for now... Too many red bars on the volume side.

NFLX

Netflix is still struggling since it dropped early in September 2011. It is staying above the descending triangle, but still does not look healthy. More volume to the down-side at the moment.

TLT - iShares 20+ Yr Treasury Bonds

This one looks like it is setting up for higher prices if it can break this descending trend line. Wait for the break! Patience pays.

Author: Sasha Evdakov

Sasha is the creator of the Tradersfly and Rise2Learn. He focuses on high-level education speaking at events, writing books, and publishing video courses on business development, internet marketing, finance, and personal growth.

I'm Sasha, an educational entrepreneur and a stock trader. In addition to running my own online businesses, I also enjoy trading stocks and helping the individual investor understand the stock market. Let me share with you some techniques & concepts that I used over the last 10+ years to give you that edge in the market. Learn More

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